Quek Hao Zhi

Private M&A / Private Equity & Venture Capital

• Acted for Dymon Asia Private Equity, a Southeast Asia focused private equity firm, in various investments and exits, including:
  • the investment in Mind Stretcher Group, a leading provider of pre-primary and K-12 academic enrichment, tutorial and student care services;
  • the investment in environmental services firm, Chye Thiam Maintenance, which provides environmental cleaning, waste management and recycling services;
  • the investment in TS Group Pte. Ltd., one of the largest operator-partners of purpose-built workers’ accommodation assets in Singapore; 
  • the investment in Newark Engineering, a Singapore company specialising in the provision of integrated engineered cooling products and solutions for key customers in the data centre and semiconductor industrial segments;
  • the cross-border buyout of Singapore-based shipping industry equipment supplier RAM Spreaders from its German parent Salzgitter Maschinenbau with management rollover in 2022, and its subsequent exit in 2026;
  • the exit from Greenday Group, a leading fruit and vegetable snack company headquartered in Thailand; and
  • the exit from Select Group, a leading food service provider in Singapore with brands such as Stamford Catering and Peach Garden;
• Acted for Atome Financial (Atome), which operates Asia’s largest buy now pay later (BNPL) platform, in the strategic investment by Standard Chartered into Atome including a planned US$500 million financing to support Atome’s BNPL business;
• Acted for M1 Holdings as lead counsel on its acquisition of a majority stake in Glocomp Systems, a Malaysian-based ICT provider;
• Acted as Singapore counsel to Séché Environnement in its acquisition of ECO Industrial Environmental Engineering Pte Ltd, a leading hazardous waste recovery and treatment solutions provider, for approximately S$605 million;
• Acted for Top Global Limited in its divestment of shares in PT Suryamas Dutamakmur Tbk, a public listed company on the Indonesia Stock Exchange which is in the business of property development and operation of golf courses, country clubs and hotels for approximately S$195 million;
• Acted for a Singapore healthcare group in its bolt-on acquisitions of a majority stake in (a) a medical clinic providing gynaecological oncology services in Singapore; and (b) a medical clinic providing advanced fertility treatment and facilities in Malaysia;
• Acted for Cercano Management (formerly Vulcan Capital) in its investment in N&E Innovations, a Singapore-based BioTech startup;
• Acted for Heliconia Capital Management in various investments, including:
  • the investment in Little Farms, a Singapore-based gourmet grocery chain; and
  • the secondary investment in XM Studios, a Singapore-based luxury art collectibles maker;
• Acted for Centre Testing International Group Co., Ltd., a China-listed company, in various investments, including:
  • the acquisition of a 100% stake in a Singapore bunker surveying company; and
  • the acquisition of significant majority stake in a German automative service provider;
• Acted for founder in the sale of his shares in a chain of premium early childhood education centres in Singapore;
• Acted for founder/CEO of a Singapore-grown food and beverage kiosks operator in Singapore and other parts of Southeast Asia in the sale of his shares and joint venture with NTUC Enterprise;
• Acted for Medlab Asset Management Pte Ltd. in its sale of shares in Pathology Asia Holdings, one of the largest independent diagnostic service providers in Southeast Asia, to various government-backed investors from Asia and the Middle East which valued the healthcare business at US$2 billion; and
• Acted as lead counsel to a group in the integrated food and beverage industry in relation to an international joint venture with a leading Thai fruit beverage producer, for the manufacture and supply of certain food and beverage products.

Public M&A

• Acted for the offeror in its voluntary general offer for San Teh Limited and subsequent delisting from the SGX-ST;
• Acted for the offeror, Best Grace Holdings Pte. Ltd., in the relaunch of its voluntary conditional cash offer for Delong Holdings Limited for approximately S$771 million;
• Acted for the offeree in the partial acquisition of Sevak Limited by Smart Entertainment Private Limited, through a voluntary conditional cash partial offer for approximately S$5.9 million;
• Acted for a consortium in its acquisition of majority shareholding interest in Singapore Medical Group Ltd, a Singapore healthcare company listed on the SGX-ST by way of a voluntary conditional offer;
• Acted for the majority shareholders of Asian Healthcare Specialists Limited, a Catalist-listed integrated healthcare provider, in the voluntary conditional cash offer by Doctor Anywhere for approximately S$109 million; and
• Acted for Capital Engineering Network Public Company Limited (SET: CEN), as leader of a consortium proposing to make a voluntary general offer for ASTI Holdings.

Corporate

• Advised on various corporate restructurings, including:
  • the short-form amalgamation of the Singapore subsidiaries of the Chandler Macleod group, one of Australia’s largest staffing companies; and
  • the short-form amalgamation of the Singaporean Yahoo and Oath subsidiaries of the Verizon group.